Slide 1: Company Presentation Q1 2023
(NYSE: PERF) Company Presentation Q1 2023 | 1
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) has been prepared by Perfect Corp. (“Perfect”). The information contained in this Presentation is in summary form and does not purport to be complete. This Presentation has been prepared without taking into account the objectives or particular requir
Slide 3: Perfect Corp. #1 Beauty & Fashion Tech SaaS Company
3 Perfect Corp. #1 Beauty & Fashion Tech SaaS Company Vision Transform the World with Digital Tech Innovations Mission Solve consumer pain points to democratize the shopping experience for consumers and brands with AR & AI and digital technologies | 3
Slide 4: Perfect's Path To Becoming the Leader in Beauty AR & AI
Perfect’s Path To Becoming the Leader in Beauty AR & AI Over the past 8 years, we have partnered with over 520 brands1 and grown to offer over 590K SKUs1 for try-on our Beauty SaaS platform Number of Brands 2015 2016 2017 2018 2019 2020 2021 2022 2023 & Beyond Founded and Refined Rolled out Introduc
Slide 5: Perfect Corp. #1 Beauty & Fashion Tech SaaS Company
Perfect Corp. #1 Beauty & Fashion Tech SaaS Company Founded in 2015 and listed on Oct 31, 2022 (NYSE: PERF) Headquartered in Taipei and Global Offices in New York, Paris, Tokyo, and Shanghai London, UK Paris, FR Dusseldorf, DE Operational in 12 Cities in over 10 San Jose, US New York, US Shanghai, C
Slide 6: Perfect's Leadership Team
Perfect’s Leadership Team Seasoned management team working together for over a decade Alice Chang Louis Chen Johnny Tseng Wayne Liu Iris Chen Founder, CEO EVP and CSO SVP and CTO President of Americas & VP of Finance & Accounting CGO CEO of CyberLink from 20+ years with 25+ years with 13+ ye
Slide 7: Perfect's Hybrid Business Model
Perfect’s Hybrid Business Model Perfect has an unique business model that allows us to serve both enterprises (2B) & consumers (2C) 2C 7 beauty mobile apps with freemium model | 7
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Slide 9: Evolution of Beauty Industry
Evolution of Beauty Industry
Slide 10: The search for beauty is a fundamental demand of every human being
The search for beauty is a fundamental demand of every human being…. Especially for Women | 10
Slide 11: Before 2015: Beauty 1.0 Physical Trials
Before 2015: Beauty 1.0 Physical Trials (Try Before You Buy) Brands make enormous efforts to encourage trials In the world of beauty, Obstacles Preventing Users from more Physical Trials More Product Trials Physical Trials are Time Consuming = Sanitary Concerns More Sales Tester Availability | 11
Slide 12: 2015-2021 Beauty 2.0 AR Technology for True-to-Life Trials
2015-2021 - Beauty 2.0 AR Technology for True-to-Life Trials More Trials = More Sales Try Before You Buy Try Unlimited SKUs Increase Engagement & Sales | 12
Slide 13: 2022 and Beyond: The Era of Beauty 3.0 (AI+AR)
2022 and Beyond: The Era of Beauty 3.0 (AI+AR) Beauty 2.0 AR Beauty 3.0 AI + AR Virtual SKUs Instant Try-on Personalization Recommendation Makeup Try-on SKU Try-on Hair-color Try-on 13 | 13
Slide 14: How Perfect BeautyTech Addresses Pain Points
14 How Perfect BeautyTech Addresses Pain Points Perfect enables a full omnichannel experience for retailers, brands, and consumers so they can interact with each other from anywhere! Strong Customer Personalized & Insights & Data Engaged Beauty Tech Try Before You Upselling & Cross Buy & Buy Selling
Slide 15: AI/AR Technologies
AI/AR Technologies PERFECT
Slide 16: Data Empowers Our Advanced AR & AI Technologies
Data Empowers Our Advanced AR & AI Technologies and Innovates Our Product R&D 3,900 -point 10+ Real-time facial 3D live meshes backed by visual computing Makeup textures 6 10m Texture mappings to deliver Training data sets across highly-realistic textures, material all ethnicities for AI deep learni
Slide 17: Perfect's AgileHand Technology
Perfect’s AgileHand® Technology AgileHand® supports highly realistic Physically Based Rendering (PBR) and movable dials, chronograph or even tourbillon Maker-Free Virtual Try-On Omnichannel Solutions Experience Seamless support across iOS and Industry leading AI detection and Android devices, as wel
Slide 18: Product Offerings
Product Offerings PERFECT
Slide 19: Perfect Offers a Complete Line of Beauty Tech SaaS Solutions
Perfect Offers a Complete Line of Beauty Tech SaaS Solutions Our goal is to aid beauty companies in their Digital Transformations and optimize their Direct-to-Consumer (DTC) capabilities AR & AI AI AR & AI AR AI Makeup Skincare Hair Video Consultation Face Attributes AI 3D facial modeling Identify v
Slide 20: Perfect Has Expanded into Enhanced AI Skincare Analysis
Perfect Has Expanded into Enhanced AI Skincare Analysis This solution is scientifically proven, and has achieved reliable test results for dermatology practices. Vanta-certified HIPAA-compliant 70k+ 14 95% Medical grade Types of Secure SaaS Platform images used to supported skin Test-retest reliabil
Slide 21: Perfect Also Launched Comprehensive AR & AI Hair Solutions
Perfect Also Launched Comprehensive AR & AI Hair Solutions Perfect’s AR & AI Hair offers single and multi- color, pigment color with holographic effects, which offers more accurate and texture-rich AR/AI hair dye experience. Lively try-on Hair Dye Color Patterns scan here Please refer to Perfect’s w
Slide 22: Perfect Also Started to Offer Fashion Tech SaaS Solutions
Perfect Also Started to Offer Fashion Tech SaaS Solutions This allows us to cross sell within major beauty groups, broaden the application of our technologies, and diversify our customer base. Our proprietary AR earring 3D model supports high Lively try-on Accessories resolution textures, material r
Slide 23: Perfect Forms Strategic Partnerships With World Class Tech Giants
Perfect Forms Strategic Partnerships With World Class Tech Giants This creates truly omnichannel support for our clients. Global Tech Giants Asian Tech Giants #1 Search #1 Video #1 Social One of the Most- #1 Mobile #1 Social & Digital #1 Video Social Engine Platform Network used Camera E-commerce Pa
Slide 24: 360° Beauty Tech Solutions Support Optimized Omnichannel Strategies
Perfect’s 360° Beauty Tech Solutions Support Optimized Omnichannel Strategies Whether online or offline, we are where our clients need us. Physical Stores E-commerce 360° Approach Shoppertainment Social Media | 24
Slide 25: Perfect's Proven Track Record in Supporting Client Success
Perfect’s Proven Track Record in Supporting Client Success We help drive brands’ sales, conversion, and customer engagement. Brand Perfect Solution Used ROI Improvement Customer Testimonials “Now this [high -touch] experience has been enabled by high Live AR Training for tech AI and AR to create a m
Slide 26: Enterprise SaaS Solutions Plus 7 Mobile Apps
In Addition to Our Comprehensive Enterprise SaaS Solutions, Perfect Also Has 7 Mobile App That Complement Its Core SaaS Business #1 AR makeover Powerful selfie #1 makeup Dynamic image Powerful nail Selfie app with Short video app camera editor video app enhancer design app AR Face filters editor and
Slide 27: Mobile Beauty App Business Has Been Growing Strong
27 Perfect’s Mobile Beauty App Business Has Been Growing Strong Active subscribers increased by 15% from the prior quarter and 50% from the same period last year, reaching a historical high of over 694,000 active subscribers1. CAGR of 47% 800 K 700 K 600 K 500 K 400 K 300 K 200 K 100 K K Q2'20 Q3'20
Slide 28: Advanced AI Technologies Power Growth In Mobile Beauty App Business
28 Advanced AI Technologies Power The Growth In Mobile Beauty App Business With the latest AI-generated content (“AIGC”) product features, Perfect unlocks new monetization potential. AI Magic Avatar • Built based on advanced Artificial Intelligence Generated Content (AIGC) technology and custom stab
Slide 29: Financial Highlights
Financial Highlights PERFECT
Slide 30: Well-balanced and Diverse Client Portfolio
Perfect Has a Well-balanced and Diverse Client Portfolio Top 5 clients only accounted for 28% of 2022 total revenue. In addition, we have solidified our market leadership through partnerships with 18 of the top 20 global beauty groups Revenue by Client Perfect’s Top 20 Beauty Groups Coverage1 Non-To
Slide 31: Strong Organic Growth and Highly Scalable Cost Structure
Strong Organic Growth and Highly Scalable Cost Structure ($ in USD millions) Revenue1 Gross Profit & Margin1 26% 86% FY19-22 CAGR FY19-22 Avg GP % 47 87% 86% 85% 86% 79% 41 40 35 30 0.9% YoY growth 26 10 10 12 12 FY20 FY20 FY21 FY21 FY22 FY22 Q1’22 Q1'22 Q1’23 Q1'23 FY20 FY20 FY21 FY21 FY22 FY22 Q1’
Slide 32: Scalable SaaS Business Model with Continued Expansion in Brands and SKUs
Perfect’s Scalable SaaS Business Model with Continued Expansion in Brands and SKUs Number of Brands by Quarter SKUs by Quarter CAGR of 28% CAGR of 45% 525 509 591 463 474 556 448 434 510 517 405 473 377 355 439 411 329 388 289 347 311 243 254 289 230 216 184 193 231 192 206 172 120 132 Q1’19 Q1'19 Q
Slide 33: Multiple Avenues To Drive Growth
Multiple Avenues To Drive Growth Significant growth opportunities from existing brands, new brands, new verticals, and synergistic M&A Deepen Penetration Expand Reach In Expand To Pursue Within Top 20 Long Tail Of New Verticals Synergistic M&A Beauty Groups Indie Beauty Brands Beyond Beauty Selectiv
Slide 34: Perfect's ESG Commitment
Perfect’s ESG Commitment PERFECT
Slide 35: Perfect Is Green Tech & an ESG Facilitator
Perfect Is Green Tech & an ESG Facilitator Consumers’ growing awareness of sustainability will further accelerate brands’ adoption of AR & AI, creating stronger tailwinds for Perfect. Everyone can benefit from Beauty AR & AI Technology Support the industry in furthering Industry sustainable beauty a
Slide 36: ESG Story of Kao
ESG Story of How Kao leveraged Perfect’s beauty tech to achieve amazing ESG results! Perfect has helped Kao to become more sustainable KAO’s ESG Achievements by the Numbers: 56 Tons Reduces Plastic Waste per Year 1 Million Simulations per Week 22 Try-ons per Visitor Scan Barcode to Try It Your
Slide 37: Supporting Women's Empowerment & Gender Equality
37 37 Perfect is Doing Our Part to Support What We Believe in: Women’s Empowerment & Gender Equality May 2022 – Perfect Corp. pledged May 2022 – Perfect Corp. supported June 2022 – Perfect Corp. partnered support for UN Women’s Empowerment young sustainability activist (Hong with The Pink Agenda Cam
Slide 38: The AI & AR powerhouse helping beauty & fashion brands
The AI & AR powerhouse helping beauty & fashion brands to achieve successful digital transformation | 38